High Correlation Stock Scalps For May 23 |
By Stock Scalper |
Published
05/22/2014
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Stocks
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Unrated
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High Correlation Stock Scalps For May 23
If the stock market can move sectors and stocks, which sectors and stocks are most likely to move in step with the stock market? Sectors and individual stocks most highly correlated to the overall market can use the S&P 500 SPDR ETF (SPY) as a directional indicator.
The following individual stocks are most correlated the S&P 500 SPDR ETF (SPY).
NKE Nike, Inc'B' UNH UnitedHealth Group Inc GD General Dynamics Corp GS Goldman Sachs Group AXP American Express Company MET Metlife Inc CMCSA Comcast Cl'A' EMC EMC Corp APC Anadarko Petroleum AMGN Amgen Inc GILD Gilead Sciences MRK Merck & Co BK Bank of New York Mellon Corp BAC Bank of America Corporation LLY Lilly (Eli) FOXA Twenty-First Century Fox Inc A TXN Texas Instruments JPM JPMorgan Chase & Co BRK.B Berkshire Hathaway'B' MON Monsanto Co CVS CVS Caremark Corporation SBUX Starbucks Corp AIG Amer Intl Group SLB Schlumberger Ltd MS Morgan Stanley UPS United Parcel'B' LOW Lowe's Cos ABBV AbbVie Inc UNP Union Pacific Corporation AMZN Amazon.com Inc RTN Raytheon Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.
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